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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Denominators and Additional Shares That Are Excluded From the Calculation of EPS | The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except for earnings per share):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Weighted-average shares: |  |  |  |  |  |  |
Common shares outstanding | 30,629 |  | 31,009 |  | 30,723 |  | 32,791
RSAs | 21 |  | 21 |  | 21 |  | 21
Total weighted-average shares | 30,650 |  | 31,030 |  | 30,744 |  | 32,812
Earnings per common share—Basic |  |  |  |  |  |  |
Net income | $ | 70,550 |  |  | $ | 66,027 |  |  | $ | 204,512 |  |  | $ | 176,698 |
Less: Undistributed earnings allocated to RSAs | (48) |  |  | (44) |  |  | (138) |  |  | (112) |
Net income available to common shareholders—Basic | $ | 70,502 |  |  | $ | 65,983 |  |  | $ | 204,374 |  |  | $ | 176,586 |
Net income per common share—Basic | $ | 2.30 |  |  | $ | 2.13 |  |  | $ | 6.65 |  |  | $ | 5.39 |
Basic weighted-average common shares outstanding | 30,629 |  | 31,009 |  | 30,723 |  | 32,791
Effect of diluted shares | 1,133 |  | 1,244 |  | 1,116 |  | 1,307
Diluted weighted-average shares outstanding | 31,762 |  | 32,253 |  | 31,839 |  | 34,098
Net income per common share—Diluted | $ | 2.22 |  |  | $ | 2.05 |  |  | $ | 6.42 |  |  | $ | 5.18 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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